News Highlights: Top Company News of the Day
May 06 2021 - 7:30PM
Dow Jones News
News Corp Revenue Rises on Real Estate and Publishing Growth
News Corp reported 3% revenue growth for the quarter that ended
in March, driven by positive foreign-exchange fluctuations, plus
solid growth at the company's digital real estate, book publishing
and Dow Jones units.
Peloton Is No Nike
The company's shares have traded on a fantasy that might not
stand the test of time.
Square crushes earnings expectations amid continued growth of Cash App
Square once again saw booming use of its Cash App ecosystem,
helping the payments company easily exceed expectations for its
first quarter.
AMC Says Moviegoers Are Returning
The theater chain said it drew nearly seven million customers in
the first quarter and that most of its U.S. locations were in
operation as of the end of April.
Bill.com Is Buying Divvy for $2.5 Billion
The boards of the two fintechs have approved the deal, which is
expected to close by the end of Bill.com's first fiscal quarter
ending Sept. 30.
Roku Reports Nearly 79% Jump in Revenue in Latest Quarter
The streaming-media service continued to see a boost from
homebound customers consuming more entertainment content during the
pandemic.
AIG's Profit Rises on Premium Growth, Investment Gains
The results mark a turnaround for the insurer's
property-and-casualty unit, which had delivered poor results for
years.
NBCUniversal Explores Streaming Its Sports Channels or Selling Them Off
Media giant has weighed options for its regional sports channels
as the company tries to figure out a future for a business under
increasing pressure.
The Athletic Halts Merger Talks With Axios, Eyes New York Times
The sports-media outlet is no longer in discussions with news
publisher Axios, people familiar with the matter said, but it is
still pursuing a tie-up deal and sees the Times as a top
contender.
Walmart Deal Shows Expansion in Telehealth, New Front With Amazon
Walmart Inc. said it purchased telehealth provider MeMD, another
sign that the retail giant aims to expand its healthcare business
and open up a new front with Amazon.com Inc.
(END) Dow Jones Newswires
May 06, 2021 19:15 ET (23:15 GMT)
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